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That Ain't No Margin Debt: THIS Is Margin Debt

Tyler Durden's picture




 

We find it amusing how many people try to read into the tealeaves when looking at the NYSE margin debt (especially since the real leverage long ago left the CNBC TV studio in downtown Manhattan, as explained before), when the real action is half way around the world. Because, in the immortal words of Crocodile Dundee, "That is not margin debt. This is margin debt."

 

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Thu, 03/26/2015 - 16:48 | 5931045 Itchy and Scratchy
Itchy and Scratchy's picture

Sum Ting Wong!

Thu, 03/26/2015 - 16:56 | 5931089 Pinto Currency
Pinto Currency's picture

 

 

 

USD 40 billion???

Thu, 03/26/2015 - 17:02 | 5931114 Thirst Mutilator
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Can I see a LOG chart on that?... Oh Wait! Meh ~ Just make a hockey stick out of the log & we'll call it a day!

Thu, 03/26/2015 - 17:41 | 5931282 max2205
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Jon Corzine just got wood

Thu, 03/26/2015 - 19:32 | 5931718 Greenskeeper_Carl
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But..... I thought china as going to take over the world with their exponential growth that will keep going forever?

House of cards, just like the west.

Fri, 03/27/2015 - 15:52 | 5935055 maxamus
maxamus's picture

House of bamboo.

Thu, 04/09/2015 - 11:45 | 5975379 TheSecondLaw
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Ironically, despite appearances, bamboo is very strong.  Might want to choose another metaphor.

Thu, 03/26/2015 - 17:46 | 5931302 Cheduba
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Leaves me speechless.  Then again, as we have learned in the past six years, debt can expand exponentially with no one ever facing any consequences for their choices, physical limitations have no meaning for reality any more, and the status quo will never change for all eternity, so we can all sleep peacefully at night.

Thu, 03/26/2015 - 17:18 | 5931187 Gambit
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Seriously, $40 billion, aint that much. 

Thu, 03/26/2015 - 17:58 | 5931348 TacoNasty
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It's less than 1/10th of current NYSE Margin Debt.

ZeroHedge needs to screen these stories better. It's becomming a joke. Some of the lazy/stupider Tylers need to pull a "dissapearing neck shot" and improve the signal to noise around here.

Thu, 03/26/2015 - 22:44 | 5932322 wildfry
wildfry's picture

I don't get this article. US$40 Billion on the Shanghai and Shenzen market and US$450B at NYSE. The curve on the China chart is because margin trading is new there. It is still 1/10 of the size of NYSE. So not really a story...

Thu, 03/26/2015 - 16:56 | 5931092 ShrNfr
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Ma Jin Tu Hi

Thu, 03/26/2015 - 17:02 | 5931119 Rainman
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hory shit !

Thu, 03/26/2015 - 17:56 | 5931350 jez
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Ho Li Zhut.

Thu, 03/26/2015 - 23:04 | 5932395 one_hundred
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I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com

Thu, 03/26/2015 - 16:51 | 5931055 venturen
venturen's picture

To the moon Awice...

Thu, 03/26/2015 - 19:22 | 5931690 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

That didn't make sense.

Fri, 03/27/2015 - 08:57 | 5933150 Snoopy the Economist
Snoopy the Economist's picture

A reference to Ralph's (Honeymooner's show) popular saying "One of these days, to the moon Alice!" In chinese of course.

Thu, 03/26/2015 - 16:51 | 5931062 Dr. Richard Head
Dr. Richard Head's picture

MOAR debt please...(in the voice of Tiny Tim "Geithner")

Thu, 03/26/2015 - 16:53 | 5931071 The Bell Rang
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Something about that chart,....  reminds me of waking up in the morning....:)

Thu, 03/26/2015 - 16:53 | 5931077 The man with po...
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What, was that your boner?

Thu, 03/26/2015 - 17:18 | 5931190 DetectiveStern
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Doesn't seem to be able to keep it for long...

Thu, 03/26/2015 - 17:21 | 5931197 booboo
booboo's picture

Is that margin in your pocket big boy or are you just glad to see me

Thu, 03/26/2015 - 17:33 | 5931251 negative rates
negative rates's picture

It's debt.

Thu, 03/26/2015 - 18:44 | 5931552 logicalman
logicalman's picture

y axis should be labelled 'batshit crazy index'

Thu, 03/26/2015 - 16:53 | 5931076 heisenberg991
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Ho Lee Fuk

Thu, 03/26/2015 - 16:59 | 5931106 semperfi
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pair-row-bar-ric !

Thu, 03/26/2015 - 17:11 | 5931127 Not Goldman Sachs
Not Goldman Sachs's picture

I think that's only about 25 billion US dollar. what's the problem?or 40B according to Pinto with better math skills.

Thu, 03/26/2015 - 17:09 | 5931154 Callz d Ballz
Callz d Ballz's picture

su-tan-able

Thu, 03/26/2015 - 17:11 | 5931160 ebworthen
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And the U.S. sold out production and career employment to China, and we can't even make the electronics or mine the rare Earth metals for all of our technological marvels - military and otherwise.

So who is holding the bigger knife, regardless of margin debt?

Thu, 03/26/2015 - 18:49 | 5931571 logicalman
logicalman's picture

The psychopaths who run China are playing silly games with the psychopaths who run USA, UK, Russia, Japan, Germany.....

it's a long list.

Countries are just a way of dividing humanity into easily exploitable groups.

Fiat money is destroying the fucking planet - everything else is noise.

 

Thu, 03/26/2015 - 17:20 | 5931195 Lmo Mutton
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It's China. Shizzit is not as expensive and stuff.

Thu, 03/26/2015 - 17:29 | 5931239 williambanzai7
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Bang Da Ho!

Thu, 03/26/2015 - 17:34 | 5931258 Jtrillian
Jtrillian's picture

Something tells me that, in the spirit of Reaganomics, China is setting up for a "race to the bottom" vs the USA.  When that day comes, I think China wins. 

Of course, Reaganomics was more like "spend till you drop", mainly in defense.  Russia's economy impoloded before the US economy did making the US the winner.  It's a little different this time around.

Thu, 03/26/2015 - 17:47 | 5931306 FieldingMellish
FieldingMellish's picture

YEEHAW!

Thu, 03/26/2015 - 18:31 | 5931480 mt paul
mt paul's picture

looks like a decision

or new policy was adopted

mid 2014 or so

 

 

 

Thu, 03/26/2015 - 19:19 | 5931682 MollyHacker
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Ha ~ looks like PBOC gave a blessing (or green light, snicker...)

Fri, 03/27/2015 - 01:29 | 5932700 darteaus
darteaus's picture

250B RMB is only 40B USD.

Is that enough to crater the Chinese market?

Fri, 03/27/2015 - 10:41 | 5933671 knowshitsurelock
knowshitsurelock's picture

Hurry, someone get Yellen on the phone.  We need a quick batch of ETB cards sent to China right away!

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